Fund Evaluator:
Transamerica Energy Infrastructure C (TMCLX)
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Fund Details
Transamerica Energy Infrastructure C Overview
Transamerica Energy Infrastructure C (TMCLX) is an actively managed Sector Equity Energy Limited Partnership fund. Transamerica launched the fund in 2013.
The investment seeks long-term growth of capital while providing current income. Under normal circumstances, the fund's sub-adviser seeks to achieve the fund's stated objective by investing at least 80% of the fund's net assets (plus the amount of borrowings, if any, for investment purposes) in the equity and debt securities of energy infrastructure companies. It is non-diversified.
About Transamerica Energy Infrastructure C (TMCLX)
There are 3 members of the management team with an average tenure of 1.80 years: James Baker (2024), Harrison Little (2024), Gordon Hamilton (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Alerian Midstream Energy Select TR USD index with a weighting of 100%. Transamerica Energy Infrastructure C has 36 securities in its portfolio. The top 10 holdings constitute 64.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Transamerica Energy Infrastructure C is part of the Equity global asset class and is within the Sector Equity fund group. Transamerica Energy Infrastructure C has 14.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.1%. There is 14.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Transamerica Energy Infrastructure C has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $288 million average for the Energy Limited Partnership category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TMCLX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Transamerica Energy Infrastructure C expense ratio is high compared to funds in the Energy Limited Partnership category. Transamerica Energy Infrastructure C has an expense ratio of 2.35%, which is 37% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Transamerica Energy Infrastructure C has a portfolio turnover rate of 53%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Energy Limited Partnership category.
Recently, in the month of July 2026, Transamerica Energy Infrastructure C returned 2.9%, which earned it a grade of D, as the Energy Limited Partnership category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Transamerica Energy Infrastructure C has a trailing yield of 2.52%, which is below the 5.20% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Transamerica Energy Infrastructure C Grades
Year to date, the fund has returned 25.2%, 0.9 percentage points worse than the category, which translates into a grade of C. The fund has returned 25.6% over the past year (grade of C), 21.3% over the past three years (grade of D) and 15.3% per year over the past five years (grade of F) and 8.2% per year over the past 10 years (grade of F).
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TMCLX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TMCLX Return (NAV) | 2.9% | 0.4% | 25.6% | 21.3% | 15.3% | 8.2% |
| TMCLX Grade | D | D | C | D | F | F |
| +/- Category | -0.6% | -1.1% | -0.5% | -2.2% | -7.0% | -1.4% |
| Energy Limited Partnership Avg | 3.5% | 1.5% | 26.1% | 23.6% | 22.3% | 9.6% |
| TMCLX Tax Cost Ratio | na | na | 1.0% | 1.1% | 0.9% | 1.0% |
TMCLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TMCLX Return (NAV) | 25.2% | 2.9% | 37.0% | 3.7% | 8.1% | 21.9% | -12.1% | 14.5% | -16.2% | -1.2% | 28.8% |
| TMCLX Grade | C | F | C | F | F | F | A | B | D | A | C |
| +/- Category | -0.9% | -1.6% | 0.7% | -13.2% | -16.8% | -17.5% | 14.1% | 2.6% | -0.3% | 5.4% | 0.3% |
| Energy Limited Partnership Avg | 26.0% | 4.5% | 36.3% | 16.9% | 24.8% | 39.4% | -26.3% | 11.9% | -15.9% | -6.6% | 28.5% |
| Risk Measures | |
| Standard Deviation: | 14.9% |
| Total Risk Index: | 1.21 - Above Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (70% Rank) |
| Beta: | 0.34 |
| R-Squared: | 9% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $157 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 53% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Baker James (2024), Little Harrison (2024), Hamilton Gordon (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 64.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.7% |
Portfolio Allocation |
|
| Domestic Stock: | 84.1% |
| Foreign Stock: | 14.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Transamerica |
| Phone Number: | 888-233-4339 |
| Website: | www.transamericafunds.com |
| Status: | Open |
| Inception Date: | April 30, 2013 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.35% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.72% |
| Share Class: | Transamerica Energy Infrastructure I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
